# PPP loan: GATEWAY ELECTRIC LLC
> **$1.85M** approved 04/06/2020 · Paid in Full · Loan `6272887001`
## Borrower
- **Name:** GATEWAY ELECTRIC LLC
- **Address:** 4450 JOHNSTON PKWY, CLEVELAND, OH, 44128-2900
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.85M
- **Initial approval:** $1.85M
- **Forgiven:** $1.87M (101%)
- **Forgiveness date:** 02/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.85M
- **Jobs reported:** 95
## Lender
- **Originating:** The Middlefield Banking Company
- **Servicing:** The Middlefield Banking Company (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*